Milliman Financial Risk Management’s Vanguard Intermediate-Term Bond ETF BIV Stock Holding History

Milliman Financial Risk Management’s Portfolio BIV Stock Details BIV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-1,245,085	Closed	-$103M	–	15
2016 Q4	$103M	Hold	1,245,085	–	–	1.05%	15
2016 Q3	$109M	Sell	1,245,085 -107,385	-8%	-$9.42M	1.09%	16
2016 Q2	$119M	Sell	1,352,470 -15,614	-1%	-$1.35M	1.32%	14
2016 Q1	$118M	Buy	1,368,084 +122,999	+10%	+$10.4M	1.19%	16
2015 Q4	$103M	Buy	+1,245,085	New	+$105M	1.08%	15

Other funds holding BIV

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Jones Financial Companies Des Peres, Missouri $250B AUM 21.32% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $128B AUM 35.83% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

DDSF

Diana Davis Spencer Foundation Bethesda, Maryland $55.2M AUM 10.14% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

Milliman Financial Risk Management's BIV Position: Q1 2017 in Review

Milliman Financial Risk Management sold out of Vanguard Intermediate-Term Bond ETF (BIV) in Q1 2017, closing a stake of 1,245,085 shares — an estimated $103M sold.

Milliman Financial Risk Management first reported a position in BIV in Q4 2015 and held it in 5 quarters. The position peaked at $119M in Q2 2016. 332 funds tracked by Wall St. Rank hold BIV as of Q1 2017.

Milliman Financial Risk Management reported no remaining Vanguard Intermediate-Term Bond ETF position as of Q1 2017 after selling out during the quarter.
Milliman Financial Risk Management sold 1,245,085 Vanguard Intermediate-Term Bond ETF shares in Q1 2017, an estimated $103M.
Milliman Financial Risk Management first reported a position in Vanguard Intermediate-Term Bond ETF in Q4 2015 and held it in 5 quarters.
Milliman Financial Risk Management's Vanguard Intermediate-Term Bond ETF position peaked at $119M in Q2 2016.
332 funds tracked by Wall St. Rank held Vanguard Intermediate-Term Bond ETF as of Q1 2017.

Based on Milliman Financial Risk Management's 13F filing for Q1 2017, filed 12 May 2017.